Daily Archives: February 1, 2018

After the European Parliament’s main political body, the Conference of Presidents decided to propose to the parliament that its Vice President Ryszard Czarnecki be stripped of his function, his fate looks to be sealed. The group leaders decided by the required majority of at least three-fifths of th...

Listed on the small-cap, alternative NewConnect market technical service provider for chain retail outlets Sescom plans to move the WSE main market this year, the company said in a market filing. “The management board will choose the most favorable date of the debut from the point of view of the com...

Fashion retailer Etos, owner of the Diverse clothing brand submitted an IPO prospectus to the Financial Supervision Authority KNF. This is the company’s second attempt at being floated at WSE. Back in 2015, the company’s shareholder Abris CCE Mid-Market Fund planned to sell 33 percent stake at PLN 1...

WSE-listed footwear retailer CCC recorded consolidated revenue of PLN 243.3 million in January, a 21.1 percent y/y growth. Revenue in traditional stores was 10 percent higher than in the corresponding month of last year and amounted to PLN 174.1 million. The firm’s internet sales stood at PLN 58.7 m...

WSE-listed debt collector GetBack acquired debt portfolio with a combined nominal value of €246 million from an unnamed Spanish bank, the company said in a market filing. “Pursuant to the provisions of the agreement, the ownership of the purchased portfolios was transferred after the entity settled ...

Foreign entities invested €12.89 billion in Poland in 2017, which was the second best result in the EU, according to fDI Markets report. Overall, last year, there were 335 FDIs in Poland which created 86,743 jobs, which was the best result in the whole EU. “The activity of foreign investors in Polan...

WSE-listed power group PGE announced a tender offer for 2.38 mln shares in its cogeneration unit Kogeneracja for PLN 81.8 apiece. After acquiring the Polish assets of EDF, which included Kogeneracja, PGE owned 50 percent plus one share in the cogeneration unit. After the tender, it plans to own 66 p...

The US State Department said that it is concerned that the controversial bill that would make it illegal to blame Poles for crimes committed by Nazi Germany “could undermine free speech and academic discourse” and have “repercussions on Poland’s strategic interests and relationships, including with ...

The number of motor vehicles manufactured in Poland in 2017 amounted to 689.7k, representing a 1.2 percent y/y increase, according to a report by KPMG and PZPM. The production of passenger cars fell by 7.2 percent y/y to 514.7k, while production of commercial vehicles and trucks soared by 39.1 perce...

A subsidiary of Warsaw Stock Exchange-listed developer Marvipol Development has secured up to PLN 50 million in bank financing from Bank Ochrony Środowiska that it will use to finance and refinance the costs of constructing its Unique Tower residenti...

Financial broker Notus Finanse is the first tenant to have leased space at the City Forum office project, which Warsaw Stock Exchange-listed developer Archicom is now developing in downtown Wrocław. The company will occupy over 550 sqm in the Forum O...
Wrocław’s City Forum secures first tenan...

Industrial space developer Panattoni Europe will build an over 10,000-sqm production facility in Białystok for car glass manufacturer Pilkington IGP. The factory will be located within the Panattoni Park Białystok project that the developer launched ...

Investors BBI Development and Liebrecht & wooD have revealed that the office space available in their Centrum Praskie Koneser mixed-use project in Warsaw has already been 92 percent leased out. Two companies from the TFL sector – Link and Waberer...

Schrack Technik, a supplier of equipment used in the distribution of electric power, has renewed its lease agreement for a total of 3,900 sqm of warehouse and office space at the Prologis Park Warsaw II complex in the Polish capital. Axi Immo advised...

The rental apartment market in Poland is attracting more and more developer and investor interest with a number of large projects comprising this kind of units having been announced across the country in recent months. Do long-term institutionalized ...

The automotive industry is one of Poland’s top export sectors and also the second most popular industry for foreign investors. French firms have been present in Poland since the early transformation and new ones keep coming to invest in the country’s...
Here for the long haul

Just as it’s hard to cut anything with a blunt knife, when you burn out at work, you cannot achieve your goals. Overworking and stress are the main causes of professional burnout. Do not think that this problem does not concern you. Poles are a socie...